Bowman Consulting Group Ltd. (NASDAQ: BWMN) has announced the retirement plans of its founder and CEO, Gary Bowman. The company's board of directors has initiated a formal search process to find his successor, and Bowman is expected to remain CEO until a replacement is appointed.
Since its founding in 1995, Bowman has led the company's growth into a national engineering firm with over 100 U.S. offices, reaching #72 on ENR's current list of the top 500 design firms in the U.S. The company has experienced significant growth since its 2021 IPO, more than tripling in size, completing over 35 acquisitions, expanding its national footprint, and diversifying its service portfolio.
In connection with Bowman's retirement announcement, the board approved amendments to the employment agreements of Bruce Labovitz, the chief financial officer, and Dan Swayze, the chief operating officer, to ensure continuity of leadership and a successful transition process.
The chairman of the board, Jim Laurito, expressed gratitude to Gary Bowman for his visionary leadership and unwavering commitment over three decades, acknowledging that Bowman has built not only a national engineering platform but also a culture grounded in discipline, accountability, and long-term value creation.
Gary Bowman stated that leading the company has been one of the most rewarding experiences of his life, expressing pride in the team and culture that have been established. Since going public in 2021, the company has scaled the business beyond its initial vision, built a durable national platform, and positioned itself for long-term success.
Bowman emphasized that the company will continue to focus on organic growth, expanding its national presence, and introducing innovations that position it to deliver even greater impact for employees, shareholders, and customers.
Headquartered in Reston, Virginia, Bowman is a national engineering services firm with over 2,500 employees in more than 100 locations throughout the United States. The company provides extensive planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement, and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the NASDAQ under the symbol BWMN. Today the company's shares have moved 1.72% to a price of $36.77. For the full picture, make sure to review Bowman Consulting's 8-K report.
